A bank analyst was quoted as saying: There are very real expenses to owning and operating ATMs.

Question:

A bank analyst was quoted as saying:

“There are very real expenses to owning and operating ATMs…. In the current environment, banks are unable to support the cost structure they have historically.”

a. What does the analyst mean by “the current environment”?

b. What has happened to make some ATMs unprofitable?

c. Are the number of ATMs in the United States likely to increase or decrease over time? Briefly explain.

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Related Book For answer-question

Money Banking And The Financial System International Edition

ISBN: 978-1292000183

2nd Edition

Authors: R. Glenn Hubbard ,Anthony P Obrien

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Question Posted: Mar 16, 2024 11:00 PM

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A bank analyst was quoted as saying: There are very real expenses to owning and operating ATMs.

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Money Banking And The Financial System International Edition

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